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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII -- Ignore unavailable to you. Want to Upgrade?

To: ColleenB who wrote (604)	7/13/1998 11:17:00 AM
From: Janice Shell	Read Replies (1) \| Respond to of 4814

EDII Management is negotiating with the owners of the land to acquire it. There is a great future for the combination of the two parcels together. Let's remember this: The notes from the statements indicated that the Texas Real Estate and and Brenham acquisitions were "related party transactions." That means EDII and the two acquirees had some common ownership or control. Such transactions are "flagged" by auditors because they may be less than "arm's length" deals. Regarding related party transactions see also: There are only 2 entries in the county records concerning Brenham Oil and Gas, and a number of entries concerning Mr. Daniel Dror and Daniel Dror II Trust. On 1 December 1997, the Daniel Dror II Trust conveyed all of the mineral rights it owned on 2 tracts of land over to Brenham Oil and Gas. The total acreage involved was 24.527 acres, a pittance, and the acreage is leased to Union Pacific Resources for 1/6 royalty interest on a 3 year lease which initiated on 6 April, '95. exchange2000.com